Settings8H · net · $10k
Funding arb · Price arb /

BTW

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Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0128%/8h= +14.0% APRnext payment +$0.64 per $10,000 · paid last 24h +0.212%
Price spread now: KuCoin against HTX−1.610%7-day average −0.252% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.857%+$86 on $10k
Price spread, last 4 days (all we have)+1.120%+$112 · spread now −1.610%, 7d avg −0.252%
Together, before fees+1.976%+$198 on $10k · with fees, hour by hour
Funding pays, the price is against you. KuCoin is 1.358% cheaper against HTX than usual: you would sell low and buy high (spread −1.610% now, against its 7-day average of −0.252%). If the spread goes back, that is −$136 on $10k: about 35 days of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.857% in total) that is about 11 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX BTW-USDT0.79340.0100pay 0.0050% / 4h2h 18m$205K$776K10x
ShortKuCoin BTWUSDTM0.78060.0228get 0.0114% / 4h2h 18m$7.0M$5.0M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against HTX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$26.88
Price spread: −1.610% → −0.252%
−$135.82
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$132.94
Costs to cover
0.240%
Break-even
41.6 days
Slippage unknown: HTX: live order book, 30 min ago; KuCoin: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy HTX live order book, 30 min ago28.23 bp658.7 bp −$659doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 4 min ago10.63 bp171.1 bp −$171doesn't fitdoesn't fitdoesn't fit

BTW on 11 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX BTW-USDTlong+0.0100%4h0.7934long leg$205K$776K10x
KuCoin BTWUSDTMshort+0.0228%4h0.7806−1.610%$7.0M$5.0M10x
Bitget BTWUSDT+0.0682%4h0.7831−1.298%$24.6M$15.3M5xas long as short
Aster BTWUSDT+0.0689%4h0.7822−1.412%$2.1M$3.3M5xas long as short
Bybit BTWUSDT+0.0855%4h0.7864−0.879%$14.8M$41.9M10xas long as short
MEXC BTW_USDT+0.0966%4h0.7805−1.622%$8.7M$6.5M20xas long as short
Extended BTW-USD+0.0968%1h0.7805−1.624%$34K$15K5xas long as short
Gate BTW_USDT+0.0970%4h0.7798−1.704%$3.2M$18.0M10xas long as short
Binance BTWUSDT+0.0981%4h0.7846−1.105%$109.3M$182.4M10xas long as short
BingX BTW-USDT+0.1004%4h0.7841−1.168%$4.3Mas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX BTWUSDC+0.1038%4h0.8020+1.089%$349K$521K10xas long as short